House Republican leaders have cut off a deal to advance to three crypto bills stuck in a record-long vote procedure after Republican hardliners refused to return to digital currencies in the middle bank.
A vote to set up a debate on the floor with the bills is open for more than nine hours – the longest in home history. The proposal eventually passed late Wednesday with a 217-212 favor vote.
A group of Republican Holdouts initially refused to support the vote unless the ban on the Central Bank Digital Currencies (CBDCs) is guaranteed to pass, but House Majority Leader Steve Scaline said Reporters On Wednesday the Republicans would instead add a ban on the CBDC to a must pass the defense defense spending, the National Defense Authorization Act (NDAA).
House Republican leaders called this week “Crypto Week” and looking to pass a Crypto market structure bill called Law of EnlightenmentThe CBDC-Banning Anti-CBDC Surveillance Act And the stablecoin-regulate Genius Act – The latter where President Donald Trump wants to sign before the weekend.
Punchbowl news reported That scaline said the house voted separately in the Genius Act and Clarity Act as soon as Thursday, but speaker Mike Johnson Says Votes on bills other than the Genius Act may be pushed until Friday or next week.
This is a story development, and further information will be added as it is available.
